Plan5500

Cornerstone Bank 401(K) Plan — Form 5500 plan (Cornerstone Bank)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Cornerstone Bank 401(K) Plan is a benefit plan reported by Cornerstone Bank under EIN 04-1856390 and plan number 004. The latest loaded filing year is 2023. The filing reports 223 participants and $29,481,507 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Cornerstone Bank
EIN
04-1856390
Plan number
004
Plan type
2
Location
Southbridge, MA
Latest filing year
2023
Participants
223
End-of-year plan assets
$29,481,507

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023223H, C20241004101519NAL0012089345001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$29,481,507
Total liabilities (EOY)
$0
Net assets (EOY)
$29,481,507
Net assets (BOY)
$23,789,223

Income & contributions

Employer contributions
$1,541,701
Participant contributions
$1,231,908
Total contributions
$3,037,923
Total income / additions
$7,146,307

Expenses & distributions

Benefits paid
$1,382,868
Administrative expenses
$51,968
Total expenses
$1,454,023
Net increase / (decrease)
$5,692,284

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$47,596$02023
The Angell Pension Group IncCONTRACT ADMIN$0$10,0002023
Empower Advisory Group LLCINVESTMENT MGMT$5,844not reported in the loaded dataset2023

Related Form 5500 pages